Applications for unemployment benefits in the United States reached a three-month high last week, which is a sign that the labor market is beginning to loosen its grip after a wave of layoffs at technology businesses. According to figures released by the Labor Department on Wednesday, the U.S. jobless claims rose by 17,000 to a total of 240,000. According to the results of a study conducted by Bloomberg with economists, the median estimate was 225,000.

Market jitters from the FTX collapse have triggered record quantities of Bitcoin leaving global exchanges.

Amid the crypto market downturn, El Salvador finally makes a decisive step to the realization of its ambitious “Bitcoin bonds” project. The Minister of the Economy Maria Luisa Hayem Brevé introduced  a bill confirming the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.”

In the first two decades of the 21st Century, the world’s central banks pumped outrageous amounts of money into the financial markets.

Arthur Hayes, the co-founder of the BitMEX exchange, tweeted a screenshot of a Bloomberg article regarding the Genesis Bankruptcy. According to the tweet, Bitcoin might fall to $10,000 if Genesis declares bankruptcy.

Fidelity should reconsider allowing retail clients exposure to bitcoin in their retirement accounts in light of the FTX collapse, said three Democratic Senators in a letter on Monday.

Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/">BTC</a>) is currently encountering a phase of high volatility, with the maiden <a href="https://finbold.com/cryptocurrencies/">cryptocurrency</a> <a href="https://finbold.com/bitcoin-loses-support-at-15800-what-is-the-potential-level-for-longs/" target="_blank">testing levels below $16,000</a>. The asset’s latest price movement has extended a <a href="https://finbold.com/guide/bear-market-definition/">bearish</a> stretch, with investors still looking for a possible bottom hoping Bitcoin can replicate historical trends ahead of the Thanksgiving holiday.&nbsp;

The past few days in the Bitcoin and crypto market have had a forceful impact from the bears. The prices of most of the crypto assets have been tolling to the south beyond expectation. In addition, the entire market is experiencing a decline due to the collapse of the FTX exchange.

Iris Energy – an Australian crypto mining company whose main purview is the operation of BTC mining sites in Canada running on renewable energy exclusively – has recently ceased mining in two subsidiaries.

The mainstream adoption of cryptocurrencies has brought immense potential to the fintech industry, and some of the capabilities have spilled over into the real estate market. Subsequently, the real estate sector is evolving to accommodate a new crop of investors who prefer making payments using crypto.